A recent report has warned that if Bank of England continued to raise interest rates, UK economic growth could fall below 2 percent. The British Chamber of Commerce (BCC) in its latest report indicated that UK’s economic growth may take a downward direction if the central bank decides to raise[...]
Posts Tagged ‘Bank of England’
June 10th, 2012 - 10:32 am § in News Of Economy
UK inflation dips following cut in oil prices
Due to steep falls in global crude oil, Inflation unexpectedly tumbled to 2.7% last month, recorded down from a 15-year high of 3% in December. Prices fell to 0.8%, all time low in four years as air fares, food prices and telephone charges falls helped inflation down. Although oil prices have raised[...]
May 28th, 2012 - 1:51 pm § in News Of Economy
UK Interest rates unchanged after fall in inflation
The Bank of England has decided to hold UK interest rates unchanged at 5.25 percent. The decision to hold the rate was also taken with a view to help the stock market to continue its comeback from recent heavy setbacks. Despite the fact that it is good news for borrowers this month, many experts sti[...]
April 28th, 2012 - 12:24 pm § in News Of Economy
Inflation driving up pay deals in the UK
The rising inflation in the UK is propelling all pay deals above 4%. A report released by the Income Data Services (IDS) of England shows that the normal pay deal held stable at 3.5% in the preceding three months to April has now crossed one percent more corresponding to the rising level of inflatio[...]
April 24th, 2012 - 12:18 pm § in News Of Economy
Bank of England hints to increase Interest Rates
The Bank of England signaled further to increase its interest rates to bring inflation down to the announced target as unemployment fell to the lowest since October 2005. The U.K. central bank estimated inflation will dip to around 1.8 percent in the middle of next year, later than it predicted in F[...]
February 4th, 2012 - 6:43 am § in News Of Economy
House prices in UK to drop by 10% next year
The sub-prime rate crisis in the US has plunged its housing sector to an unprecedented crisis. The mortgage market difficulties is set to trigger a global effect with David Miles, the chief UK economist of Morgan Stanley warning the UK government that the housing prices in the country will plummet b[...]
February 2nd, 2012 - 6:40 am § in News Of Economy
Five central banks unite to inject cash into the global econom
In an unprecedented move five major central banks of rich nations including the Bank of England, the US Federal Bank, European Central Bank and the central banks of Canada and Switzerland have come together to inject new money into the global economy to ease the financial crunch that is threatening [...]
January 29th, 2012 - 1:46 pm § in News Of Economy
Temasek approaches NASDAQ for LSE stake
After NASDAQ vows to sell 31% stake in LSE, a number of seekers have emerged to cash the opportunity. In this league Singapore-based Temasek Holdings has approached NASDAQ for its $1.58bn worth stake in LSE. Temasek have made the approach in recent days. The Singapore authorities, which recently acq[...]